Morning journal and courier. [volume] (New Haven [Conn.]) 1848-1894, 1887-02-05
News by Telegraph
FROM ALL QUARTERS.
BUSINESS FAIRLY GOOD
In Spite Of Strikes And
Panics.
THE COMMERCE BILL SIGNED.
Beck Gets His Attorneys
Bill Through.
LYNN IN TOTAL DARKNESS.
An Old Lunatic Does Des-
perate Work.

THE MARKETS FOR THE WEEK
Severely Tested BY Panies and strikes
In which Unexpected Steadiness rs
shown.
NEW YORK, Feb. Ar. G. Dun & Co.'s
weekly review of trade says Panics
abroad and strikes at home have tested the
strength of all markets during the past week.
Overhastily it is inferred that panics on for
eign exchanges mean war; they may mean
only collapse of the unusual speculation
which has prevailed of late, especially at
Berlin, and this may get rid of a strong in
eentive to circulate warlihs rumors. News
in the strict sense does not afford much evil
dence that war impends; but rumor and
apprehension have depressed stocks and lift
ed grain. Thus tested the markets have
shown unexpected steadiness. Foreign I'M
loading of American stocks has caused but
moderate decline in prices, while even in the
grain market the advance has been conserva-
tive and limited and other markets have
changed but little. Probably grain would
have risen more had not the great strikes
exerted a restraining in f1uence. Transporters
are moving freight more freely than week
ago, but the disturbance is spreading, thou
sands of workers in various branches of in
dastry having been ordered to strike or
thrown out of work by stoppage Of supplies
to manufacturing establishments. Already
it is clear that the losses to laborers as a
body must be many times the sum
which could be gained by the origi-
nal strikers if successful. The large
losses sustained by them and others will af-
feet consumption to some extent. The dry
goods trade, though affected by uncertainty
as to transportation, still improves with re-
spect to cottons, while the hesitation in wool
ems increases. The China demand for brown
cottons is excellent, the South American
better and the domestic demand steady and
strong at the recent advance in prices. But
woolens are disturbed afresh by treasury de-
cisions and by large auction sales. Large
job lots of dress goods have been sold at Bos-
ton at little more than half last years prices
and heavy woolens are not sought at any ad
vance. Boston sales of wool are twenty per
steady. The imports for 1886 were 131, $685.
Os1 pounds besides ABB, $50 pounds waste
and 4, $50, 2o3 yarn. Iron is helped by
vival in shipbuilding, $22. so being quoted at
Philadelphia for No. 1 and an ad-
vance expected at Pittsburg. Consump
ton of iron last year for the first time
exceeds that of Great Britain as follows:
1886, United States 6,195, 454 tons, Great
Britain 5.405, 743 tons; 1885, United States
4, 34S, S44 tons, Great Britain 5, 749, 024 tons.
Coke has advanced at Pittsburg fifty eight
cents per ton. Western nail makers will add
vance the price from So 60 to $275 and the
Window Glass association has raised prices
FIVE to seven per cent. Oil production was
&C. 3S1 500 barrels last year against 20, 776, 041
to observe the inter State bill if signed
and hold that it renders their
pool more necessary than ever to 6x rates,
though prohibited features will be dropped.
East bound tonnage last year was II ,236, 102
tons against IL 1854 900 tons in 1885 and
west bound was 1903, 576 tons against g.
045, 025 tons, showing some decrease in
quantities moved, though the rates received
were higher. The money market is little
higher az to rates than week
ago but we'll supplied, and foreign
exchange moved up to 46s Sales of cotton
last week were large with prices depressed,
but they fully recovered. Wheat advanced
IL and corn u cents with moderate deal
ings, while oil declined 311a cents and coffee
one-eighth. Pork and lard slightly advanced
and the Now York cattle market was shade
stronger.
The business failures occurring through
out the coantry during the last sew
en- days as reported to R. G. Dun &
Co. of the Mercantile Agency to-day friday
by telegraph number for the United States
229, and for Canada 80, or total of 261,
compared with the total of 271 last week,
301 the week previous to the last and 2S7 for
the corresponding week of last year. The
failures in Canada are numerous and import
ant; in New York city few and insignificant;
in other sections of the country about up to
the standard.